Section 11: Removal from and vacation of office.

The Reserve Bank of India Act, 1934Central Act · Act 2 of 1934

(1) The [Central Government] may remove from office the Governor, or a Deputy Governor or [any other Director or any member of a Local Board]:

* * * * *

[(2) A Director nominated under clause (b) or clause (c) of sub-section(1) of section 8 shall cease to hold office if without leave from the Central Board he absents himself from three consecutive meetings of the Board convened under sub-section (1) of section 13.]

(3) The [Central Government] shall remove from office any Director, and the Central Board shall remove from office any member of a Local Board, if such Director or member becomes subject to any of the disqualifications specified in sub-section (1) or sub-section (2) of section 10.

(4) A Director or member of a Local Board removed or ceasing to hold office under the foregoing sub-sections shall not be eligible for re-appointment either as Director or as member of a Local Board until the expiry of the term for which his appointment was made.

(5) The *** nomination @6785691[Central Government], and a member of a Local Board may resign his office to the Central Board, and on the acceptance of the resignation the office shall become vacant.

Where this provision sits

Act	The Reserve Bank of India Act, 1934
Section	11
Marginal note	Removal from and vacation of office.
Jurisdiction	Central
Status	In force as published by the source

How this provision has been amended

Taken from the footnotes printed with the provision by the source. Where a footnote names the amending instrument, it is quoted as printed.

substituted. . Subs. by the M.O. 1937, for "G.G. in C.".
substituted, Act 32 of 1951. . Subs. by Act 32 of 1951, s. 6, for "any other Director" (w.e.f. 1-11-1951).
omitted, Act 62 of 1948. . The proviso omitted by Act 62 of 1948, s. 7 and the Schedule (w.e.f. 1-1-1949).
substituted. . Subs. by s. 7 and the Schedule, ibid., for sub-section (2) (w.e.f. 1-1-1949).
omitted. . The word "appointment" omitted by s. 7 and the Schedule, ibid. (w.e.f. 1-1-1949).
omitted. . The words "or election" omitted by s. 7 and the Schedule, ibid. (w.e.f. 1-1-1949).
substituted. . Subs. by the A.O. 1950, for certain words.
substituted, Act 32 of 1951. . Subs. by Act 32 of 1951, s. 6, for "of a Part A State or a Part C State" (w.e.f. 1-11-1951).
substituted. . Subs. by the A.O. 1950, for "any such Legislature or Council".

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